Ann: Becoming a substantial holder from FOR, page-2

TGA's latest substantial shareholder;

Forager Funds Management

About Forager

If you share our passion for unloved bargains and have a long-term focus, Forager could be the right investment for you.

About Us

With more than $370 million of funds under management and a focus on long-term investing, Forager Funds is a unique Australian asset management company.
Following a strong eight-year track record, Forager is a sustainable business but is nimble enough to invest in smaller listed companies not accessible to many investment managers.
The company is majority owned by staff and Forager’s external shareholders support the desire to place performance before revenue. That means capping the size of funds before too much money becomes an impediment to performance.
Key investment staff are strongly aligned with investors through co-investment and equity in the Forager business.

Performance (net of all fees)
Australian Shares Fund Performance Summary

As at 29 December 2017 | Inception Date: 31/10/2009

		1 year	3 year	5 Year	Since inception Annualised	Since inception Cumulative
1	Australian Shares Fund	24.92%	20.30% p.a	20.75% p.a	15.17% p.a	217.26%
2	All Ords. Accumulation Index	12.47%	9.23%	10.37%	8.05%	88.24%
3	Value Added	12.45%	11.07%	10.38%	7.13%	129.03%